Are You Looking for a Top Momentum Pick? Why Sandstorm Gold (SAND) is a Great Choice

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Sandstorm Gold (SAND) - Sandstorm Gold has a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company currently holds a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, SAND shares increased by 7.06%, outperforming the Zacks Mining - Gold industry, which rose by 2.54% [5] - In a longer timeframe, SAND's monthly price change is 11.49%, compared to the industry's 4.57% [5] - Over the last quarter, SAND shares have surged by 44.27%, and over the past year, they have gained 49.91%, while the S&P 500 has seen declines of -9.16% and gains of 10.9%, respectively [6] Trading Volume - The average 20-day trading volume for SAND is 5,839,667 shares, indicating a bullish sign as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, 2 earnings estimates for SAND have been revised upwards, while 1 has been revised downwards, leading to an increase in the consensus estimate from $0.17 to $0.18 [9] - For the next fiscal year, 3 estimates have moved upwards with no downward revisions during the same period [9] Conclusion - Considering the positive momentum indicators and earnings outlook, SAND is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]